First Majestic Silver Corp. (AG) stock has fallen 4.33% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
First Majestic Silver Corp. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on AG!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With AG Stock Today?
First Majestic Silver Corp. (AG) stock is trading at $11.28 as of 10:53 AM on Friday, Oct 1, a drop of -$0.02, or -0.18% from the previous closing price of $11.30. Volume today is below average. So far 1,151,243 shares have traded compared to average volume of 3,927,830 shares. The stock has traded between $11.20 and $11.52 so far today.
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More About First Majestic Silver Corp.
First Majestic is a publicly traded mining company focused on silver production in Mexico and is aggressively pursuing the development of its existing mineral property assets. The Company presently owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine. Production from these mines are projected to be between 11.0 to 11.7 million silver ounces or 21.4 to 22.9 million silver equivalent ounces in 2020.
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